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Spore

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Spore™ is an NFT platform on the Avalanche network and the developer of the hyperdeflationary SPORE currency.

Our products include the first mass-adopted cross-chain bridge from Avalanche to Binance Smart Chain, NFT collections to commemorate special events, a next-generation NFT prediction market (in development), and several yet-to-be-announced services that will stand at the intersection of blockspace and physical events and help transition the planet to decentralized living.

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Authenticity & future plans

Spore was launched in April 2021.
The spore website does contain a roadmap however the timelines are not specific. Their whitepaper has not been released yet. They do have a NFT prediction market on their roadmap however there is no information on what they are. Spore does have a NFT marketplace on their website and every NFT buys will contribute to the burn of the token. The volunteers on telegram confirmed that the developers are working on NFT related project.

Markets/Exchanges
At time of writing, Spore is not listed on any major exchanges

Products
NFTs Market Place
NFTs

Transparency & Contract

The contract is renounced and an audit confirmed that more than 95% of the liquidity is unlocked. The token is available on the avalanche chain and Binance smart chain with a bridge that has been established.

Audit
There were no audits performed on this token and no plans for future audits as well.

Doxxing
The spore developers are listed on the website however we could not find them on their social media handles. They are present on GitHub with their contributions towards the development of the project listed. They do have volunteers on telegram taking questions from investors.

Contract Address
0x33a3d962955a3862c8093d1273344719f03ca17c

Contract Code Review
Upon reviewing the contract code, we did not find any discrepancies between the contract code and what is inherently written on their website.
Contract is verified on BSCscan and the contract ownership is renounced to the community.

Current Market Cap
$3,590,234

Current 24Hr Volume
$108,364

The above data is According to CoinMarketCap.at time of writing.

Partnerships/Verified
Pangolin
Gaj Finance

Liquidity, Tax & Reflections

Spore is available to purchase on Avalanche and Binance smart chain.
Avalanche - From the 6% tax, 1.4% is redistributed as reflections and 4.6% is burnt.
Binance smart chain - There are no reflections for holders on Binance smart chain and the 6% received through the buy/sell/transfer is burnt.

Overall, the 61% of the total supply is burnt and will continue to reduce the supply due to the 6% burn on Binance smart chain.


Liquidity
No details provided on the website regarding locked liquidity. An audit confirmed that more than 95% of the liquidity is unlocked.

Tokenomics:
Total Supply: 100,000,000,000,000,000 (100 Quadrillion)
Circulating Supply: 38,910,000,000,000 (38.91 Quadrillion)
Buy/Sell/Move/Transfer Tax 6%
Buyback & Burn: NA
Redistribution NA

Community

Compared to the number of users on twitter and telegram, the interactions are fewer and limited however you can see few loyal spore holders’ interactions on their social media handles.

Community by the Numbers
Twitter – 34.1K followers
Telegram– 17.1K members
Instagram – 3.7K followers
Holders/Wallets – 270,497
Watch List (CMC) – 101,371
Lunar Crush
Galaxy score - 46/100
Alt rank – 1317/3090

Conclusion

This contract was deployed on 6 April 2021 and you can acquire 1 Billion Spore under $0.10 at the time of writing. The supply is enormous but burns with every transaction. The contract is renounced so no changes can be made to it or improvised. The products in the pipeline are NFTs and no other releases are announced by the token. The socials are run by volunteers and we do not know of any owner/s at the time of writing.

Recommendations:
We recommend to add a definite timeline to the roadmap, better if a Whitepaper can be released. An audit report on the contract should clear the liquidity related issues. At least a future plan of the audit can be announced. The engagement on the twitter community is low due to the fact that it is run by volunteers.
We do not have any details about AMAs yet. An updated roadmap with a whitepaper should drive up the numbers and continuous burns should reduce the supply resulting in accelerated burns.

First Published:
Sunday, 10 October, 2021
Last updated:
Wednesday, 13 October, 2021
Spore

48

Scoring legend:
Below 50: Needs improvement
50-75: Getting attention
Above 75: Massive potential

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